Michael Antczak | Real Estate Sales Representative Serving Vaughan, Kleinburg | RE/MAX Premier Inc., Brokerage | Real Estate Mike for All Your Real Estate Needs

My Real Estate Blog - Market Trends, Tips & Updates

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Looming rate hikes seen dousing Canadian consumers, housing market

6/19/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Looming rate hikes by the Bank of Canada will put financial stress on indebted Canadians and potentially exacerbate a slowdown in the nation's long housing boom, credit ... More


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U.S. Fed closing the door on low-rate mortgages in Canada

6/15/2017 | Posted in Mortgage Interest Rates by Michael Antczak

The U.S. Federal Reserve raised its trend-setting interest rate on Wednesday for the third time in six months to the highest level since the global financial crisis hit in the ... More


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Canadian home sales drop sharply in May

6/15/2017 | Posted in Real Estate Market by Michael Antczak

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a sizeable decline in May 2017.

... More


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CREA Updates Resale Housing Market Forecast

6/15/2017 | Posted in Real Estate News by Michael Antczak

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate ... More


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Canada's central bank acts to defuse housing market threat

6/15/2017 | Posted in Mortgage News by Michael Antczak

Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least ... More


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Mortgage delinquency rates low in Toronto, Vancouver despite high prices: CMHC

6/14/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices soaring, according to a new ... More


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Brace for a possible tax on speculative home purchases

6/14/2017 | Posted in Mortgages and Real Estate by Michael Antczak

The chief economist of the Canadian Real Estate Association says homeowners in the Greater Toronto Area should brace themselves for a possible tax on speculative home ... More


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Home Prices Up a Record 2.2% in May

6/14/2017 | Posted in Real Estate Market by Michael Antczak

In May, the Teranet–National Bank National Composite House Price Index™ was up 2.2% from the previous month, the largest May gain in the 19-year history of the ... More


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Young Canadians still bullish on housing

6/13/2017 | Posted in Mortgages and Real Estate by Michael Antczak

Millenials are confident in their financial future and in the housing market, according to a new study.

... More


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Bank of Canada says next move likely an interest rate hike

6/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian ... More


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BMO CEO downplays housing risk

6/12/2017 | Posted in Real Estate Market by Michael Antczak

The Bank of Montreal's CEO is downplaying the consequences that would come from a possible correction in house prices, saying the real estate market "essentially heals ... More


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Forecasting the next rate increase

6/12/2017 | Posted in Mortgage Interest Rates by Michael Antczak

The latest jobs performance could put pressure on the Bank of Canada to increase interest rates, according to one veteran.

... More


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Why consumers should be wary of using the wildly popular home equity lines of credit as ATMs

6/9/2017 | Posted in Financial Health by Michael Antczak

A federal agency is warning consumers addicted to home equity lines of credit — a product increasingly driving debt — could find themselves at increased risk ... More


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Ontario new housing rules take a bite out of new construction numbers for country

6/9/2017 | Posted in Real Estate Market by Michael Antczak

Canadian housing starts fell 8.6 per cent in May from April, a decline fuelled by a massive pullback in new home construction since Ontario moved to cool the housing market in ... More


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Big bank forecasts Toronto's future

6/8/2017 | Posted in Toronto Real Estate by Michael Antczak

One of Canada’s largest banks reacts positively to Toronto’s cooling market.

... More


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Mortgage rates ticking higher for subprime borrowers

6/8/2017 | Posted in Mortgage Interest Rates by Michael Antczak

Rates at alternative lenders have increased by as much as 150 basis points since the start of April

... More


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Is Toronto's housing market decline for real?

6/8/2017 | Posted in Toronto Real Estate by Michael Antczak

Why sales and prices seem likely to continue to fall for at least the next two or three months.

... More


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TREB May numbers show a soft month for Toronto real estate market

6/8/2017 | Posted in Toronto Real Estate by Michael Antczak

Home sales dropped in May 2017 compared to last year, but experts say the trend is likely temporary.

... More


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Homebuyers who get family help report feeling less comfortable with their debt levels

6/7/2017 | Posted in Home Buyers by Michael Antczak

Even after getting family help to make a down payment on a home, first-time buyers still worry about their financial situation, according to a new survey from ... More


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